Resurfacing a May 2022 update: Delhivery IPO reached 4% subscription in first two hours; retail portion at 23%
Resurfacing details from May 11, 2022: Delhivery’s IPO was subscribed 4% overall within the first two hours of bidding that day. The retail investor quota had received 23% subscription, signalling relatively stronger early interest from individual investors.
Delhivery’s IPO was subscribed 4% overall in its first two hours of bidding on May 11, 2022, with the retail investor portion receiving 23% subscription.
Why this matters
The resurfaced May 2022 update matches recent signals reporting Delhivery’s IPO reached 4% overall subscription in two hours, with the retail tranche at 23%.
Retail-company signals are accelerating, up +1036100% QoQ.